New York Markets After Hours

UGI Corp. net income falls

SteveGelsi

NEW YORK (MarketWatch) -- UGI Corp.
UGI, +0.06%
on Wednesday said second-quarter net income fell to $104 million, or 98 cents a share, from $117.3 million, or $1.12 a share in the year-ago period. A survey of analysts by Thomson First Call forecast earnings of $1.06 a share for the propane company. UGI Corp. said it continues to expect earnings of $1.55 to $1.60 a share for 2006. UGI's domestic propane distributor, AmeriGas Partners, L.P.
APU, +0.85%
contributed $25.8 million to income for the quarter, excluding the loss on the early extinguishment of debt of $4.6 million, compared to $27 million last year.

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